Home Equity Loans

Home Equity Loans

Filo Mortgage offers a wide range of closed-end home equity loans and home equity lines of credit (HELOCs). You can access up to 90% of your home’s equity (Loan-to-value up to 90%). You can take cash out on a home equity loan ranging from $50k to $500k. Terms are from 5 to 30 years and owner occupied and second homes included. Our home equity rates range from 7.50% to 11.0% depending on your credit score and the amount of equity in your home. It only takes minutes to apply online and decisions are fast. Plus, a dedicated loan consultant will help answer all your questions. Using a Filo Mortgage home equity loan, you can renovate and improve your home, consolidate debt, finance education, and make major purchases.

Filo Mortgage also offers stand-alone home equity loans and home equity lines of credit that are used in combination with a first mortgage. For example, we offer an 80-10-10 loan (also called a Piggyback Loan), which enables you to purchase a home with a 10% down payment. The main benefits of this approach are to avoid paying mortgage insurance and to quality for a conventional loan which generally has a lower rate than a Jumbo mortgage. We offer Piggyback loans for refinances as well and closed-end second loans.  Contact us to learn more.

Related Links

Use our learning hub to learn more about refinancing, like when a good time to refinance is, how you can get cash out of your home, and other smart mortgage moves.

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Filo Mortgage is licensed to originate mortgages in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Louisiana, Maryland, Oregon, Michigan, Minnesota, Missouri, New Jersey, North Carolina, Pennsylvania, Virginia, Tennessee, Texas, Utah, and Washington.